Reserves and risk: Evidence from China
نویسندگان
چکیده
We consider if Chinese accumulation of reserves is associated with private sector risk taking. Using sovereign credit default swap spreads and stock index prices as indicators taking we provide evidence to suggest that reserve holdings increase, so does the willingness take on more risk.
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ژورنال
عنوان ژورنال: Journal of International Money and Finance
سال: 2023
ISSN: ['0261-5606', '1873-0639']
DOI: https://doi.org/10.1016/j.jimonfin.2023.102844